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HDFC’s arm to sell stake in Softcell Technologies

28 Sep 2022 Evaluate

Housing Development Finance Corporation’s (HDFC) wholly-owned subsidiary -- HDFC Investments (HIL) has entered into an agreement to sell 1,14,931 equity shares of Softcell Technologies (Softcell) representing 12% the total paid-up equity share capital of Softcell.

The objective of the sale is financial disinvestment. The transaction is likely to be completed by September 30, 2022. The consideration to be receivable by the company is Rs 13.79 lakh. Softcell is in the business of providing internet and allied services.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

HDFC-Amalgamated Share Price

2729.95 0.00 (0.00%)
12-Jul-2023 18:01 View Price Chart
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